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Jan 24, 2013
01/13
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CNN
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ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year. >> reporter: now, we have been asking our guests here for the riskometer. on this side we have is the u.s. a bigger threat to global growth in 2013. on this side the e.u. lutnic thinks the u.s. is by far the bigger. as you look overall most people still seem to believe europe is the biggest threat in 2013. by the way, speet tweet me wher think the biggest threat is. >> very official looking. did you make that yourself? >> don't you mock it? it works and it is doing a good job. >> we will have people tweet you and see what they feel about all of this but a lot of power players weighing in on whether or not there i
ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. and you are going to watch the u.s. do crazy, crazy things this year. >> if you are right on those crazy, crazy things, then the rest of us are in for a dreadful, dread full time? >> dreadful. it is going to be so strange for the richest country on earth to cross their arms and say i'm not paying. imagine crossing your arms. you are going to see it this year....
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Feb 1, 2013
02/13
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CSPAN2
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. >> whited lawmakers decided his best to delay the debt ceiling? >> about two weeks ago they tried in 2011 to use the debt and then as a leverage point to force obama to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to vote for a thicker national debt either. that doesn't care what their philosophy to pick them up with a strategy and in the meantime we want the senate to pass a budget for 2014 and the law says if either chamber fails a budget, paychecks will be docked. the whole idea is to postpone the economy default situation until the prosecutor at the continuing fight over taxes and then made to a point where both sides are satisfied in the debt limit can be raised again. >> how a template of a increasing the deficit in effect the economy and financial markets? >> where do you know
. >> whited lawmakers decided his best to delay the debt ceiling? >> about two weeks ago they tried in 2011 to use the debt and then as a leverage point to force obama to swallow spending cuts. it worked, but it is terribly damaging to the nation's economy and their political capital. with something like 90% in august of 2011 and they recognize this is a bad idea. thing is a pretty bad idea of a downgrade for the first time. they didn't want to do that again, but they didn't want to...
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Jan 29, 2013
01/13
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CNBC
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eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the fed's tool backs and realize they have shot every arrow that they have got. they will keep gig qe this year, maybe another $1 trillion but even inside the fed there's doubts about how much more effective will be at this stage, what, with long-term interest rates as low as they are. tomorrow i don't expect any fireworks from them. i'll be interested to see how they characterize the economy, whether they are getting more comfortable with it now that we have the biggest piece of the fiscal cliff out of the way or whether they are still concerned that employment is sluggish an inflation
eventually we'll have to deal with spending cuts and the debt ceiling debate. whether or not that's it. for the meantime, the markets run a long time just because they are soaking up all the stimulus from the fed. >> a lot of stimulus from the other central banks cutting trase today. greg, you want to get in front of this train and fight the fed? >> yeah, i think that the fed is going to continue pushing pretty hard this year but equity investors have to take a look at what's in the...
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Jan 31, 2013
01/13
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FOXNEWS
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they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers. so how do you -- how do you piece it together in your mind that the economy can be doing so poorly and yet the president is more popular than ever. fun know the answer, e-mail us or tweet us. >>steve: there's so many low-information viewers and votes out there. >>brian: that's their choice. >>steve: absolutely. when the payroll tax hit at the first of this year, they are going to go where did that money go? it was a shock to them. senator john thune yesterday tweeted after jay carney blamed the house democrats. -- house republicans. he says white house secretary blames g.o.p. for
they cut a deal to stop release three months the debt ceiling being the problem. right now you have the fed printing money at a dizzying rate. here's what you should keep in mind. the stock market is out of its mind, going through the roof. and the president of the united states's approval rating is through the roof. it's at 60%. >>gretchen: so how do you put this all together? i think a lot of people still scratching their heads over the election when you look at these economic numbers....
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Jan 27, 2013
01/13
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WTTG
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. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of path he was putting his administration on. and all of the statements and all the comments lead me to believe he's thinking more of a political conquest than compromise. >> reporter: democrats have been talking the hard line on revenues and gun control. yet on immigration, there seems to be at least a small agreement. >> we are trying to work our way through some very difficult issues. but we are committed to a comprehensive approach to finally in this country have an immigration law that we can live with. >> it's my hope we'll come up with a bipartisan solution. i do think enforcement has to be a big part of it. but again, i
. >> reporter: there will be several skirmishes where the republicans can try out their focus, debt ceiling, and automatic spending cuts set to kick in august 1. but don't count on up compromise. >> we think the sequesters will happen. >> reporter: congressman paul ryan says he's not encouraged by president obama's words so far. >> i decided to not comment between the election and inauguration because i wanted to see what kind of president we're looking at, what kind of...
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Jan 24, 2013
01/13
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CURRENT
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the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great l
the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the...
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Jan 29, 2013
01/13
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CURRENT
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 29, 2013
01/13
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FOXNEWS
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ceiling fight. one. things that angered the white house was republicans were saying repeatedly, the president hasn't put forth a plan. what is his plan to cut spending and the answer was, well, you're just spouting fox talking points and that's when you get mad. when you ask them for some substantive commitment on issues what you've seen in the last few weeks. >> we call members of the democratic party every single night. the congressman rupert will come on and congressman ben holland. but it's sort of what i hear from some when they pull me aside, not most, but some is that they get into trouble with their leadership if they come on fox. that there's sort of peer pressure within the democrats. >> well, there's all sorts of enforcement mechanisms for each party, no doubt. parties have the constituencies and organized labor is one of them they don't like to cross the constituencies, what they often do is accuse the other party to be too cowardly to cross their own constituency. >> i guess they've bee
ceiling fight. one. things that angered the white house was republicans were saying repeatedly, the president hasn't put forth a plan. what is his plan to cut spending and the answer was, well, you're just spouting fox talking points and that's when you get mad. when you ask them for some substantive commitment on issues what you've seen in the last few weeks. >> we call members of the democratic party every single night. the congressman rupert will come on and congressman ben holland....
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Jan 29, 2013
01/13
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FOXNEWS
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if you go back to the debt ceiling fight, one of the things that angered the white house was republicans were saying, repeatedly, the president hasn't put forth a plan. wais his plan to cut spending? the answer was, you are just spouting fox talking points. that's when they get mad. when you ask them for substantive commitment on an issue, which is what you have seen the last few weeks. >> we call the democratic party every night. congressman will come on -- congressman van hollen. but what i hear from some when they pull me aside, not those two, but some is that they get into trouble with their leadership if they come on fox. there is peer pressure within the democrats. >> i mean, there is all sorts of enforcement mechanisms for each party. parties have constituencies, democratic party, organized labor, they don't like to cross those constituencies, so they often accuse the other party of being too cowardly. >> i guess i haven't been in the criminal courts where there is a really strong debate -- it's sort of stunning to me that members of a party wouldn't go on ms-nbc or here or cnn. i
if you go back to the debt ceiling fight, one of the things that angered the white house was republicans were saying, repeatedly, the president hasn't put forth a plan. wais his plan to cut spending? the answer was, you are just spouting fox talking points. that's when they get mad. when you ask them for substantive commitment on an issue, which is what you have seen the last few weeks. >> we call the democratic party every night. congressman will come on -- congressman van hollen. but...
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Jan 31, 2013
01/13
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FOXNEWS
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ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to do as far as the personal income tax rate to stimulate growth especially sub chapter "s" corporations. what week do with dividend situation. people were concerned about the dividend tax rate. we need to look at regulatory policy. already we have seen 5700 pages of new regulations from the federal government. that is going effect this economy. we need the effective monetary policy also. >> those are the correct solutions. those are good ideas. we have real leadership where people are willing to rise above and sit down and see what works and what doesn't work. that is not what
ceiling with that set in motion with more than $500 billion in defense cuts. it's a selective mind of everybody. this was -- if the defense cuts are contributing to this, or anything, you have to look at the fact who agreed to it. it was both parties. >> you are absolutely right. also, i think more carney needs to understand that the whole term of sequester emanated out of the white house. we have to start sitting down and saying the direction we are going is not right. what do we need to...
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Jan 31, 2013
01/13
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FOXNEWS
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he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that the whole term of sequester emanated out of the white house. and so, we have to start sitting down and saying, look, the direction we are going is not right. what do we need do as far as the personal income tax rate so we can stimulate growth, especially for the small businesses, sub-chapter "s." we saw an incredible selloff in december because people were concerned about the increase in the dividend tax rate. we have to start looking at our regulatory policy. already being we have seen 5,700 pages of new regulations from the federal government. that's going to affect the growth of this economy. we h
he neglects to include that both democrats and republicans agreed to that 2011 debt ceiling with that set in motion, more than $500 billion in defense cuttings and whatever. it's the selective mind of everybody, you know, this is -- this is you know, if the defense -- if the -- if the defense cuts are contributing to this, or anything, have you to look at the fact who, agreed to it. it was both parties. >> you are absolutely right. also, i think that -- mr. carney needs to understand that...
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Jan 26, 2013
01/13
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FOXNEWS
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look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id long-timal mentality. what we like to think of unfortunately is that politics in washington is a little bit now like professional wrestling okay. there is this demonstration going on but it is kind of scripted and it doesn't really get to the full truth of what is going on. >> sean: there are two other issues we haven't dealt with yet. one is the media. they are not doing specials on this. number two, american people you know what, i don't know if they are either aware or they don't care. you want to weigh in here but the bottom line is they voted in obama. i got chris matthews all mad, he didn't get a tingle up hi
look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id...
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64
Jan 26, 2013
01/13
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FOXNEWS
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eye 64
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when you look at sequestration, the budget, the spending cuts and the debt ceiling, we believe it's a dog-and-pony show. it is not going to get cut, it's only going to get larger. >> he never spoke about the budgets, living within our means, making difficult choices, just the opposite. he seems to want to lock in this permanent welfare, dependency mentality and state which now is in the country, which pretty much guarantees that america becomes greece. >> there is no question, you have a philosophical, ideological commitment to growing government. and you have the sad reality that there are a lot of go-long to get long governments. politics in washington is like professional wrestling. okay? there is this demonstration going on, but it's kind of scripted. it doesn't rae really get to the full truth of what is going on. >> there are two other issues we haven't dealt with yet. one is the media -- they are not doing specials on this. the american people -- you know what? i don't know if they are aware or they don't care -- you want to weigh in here. but the bottom line is, they voted in
when you look at sequestration, the budget, the spending cuts and the debt ceiling, we believe it's a dog-and-pony show. it is not going to get cut, it's only going to get larger. >> he never spoke about the budgets, living within our means, making difficult choices, just the opposite. he seems to want to lock in this permanent welfare, dependency mentality and state which now is in the country, which pretty much guarantees that america becomes greece. >> there is no question, you...
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Jan 28, 2013
01/13
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that was to pay for the last debt ceiling increase let alone any future increases. >> reporter: one of the nation's largest federal contractors, general dynamics based in fall's church, virginia, announced a $2 billion loss which it is blaming on defense cuts and falling government demand. >> draconian measures will have to be taken, furloughs, layoffs in the defense industry but most importantly to me, a devastating blow to our national security if the sequestration takes place. and it is up to congress and the president to act together and frankly so far i have not seen the kind of urgency that many of us feel about sequestration and, its implementation report so it seems with the war being wound down in afghanistan, the real fight begins at home for tighter bum jets. jamie? jamie: those civilians play an important role. thanks. jon: take a look at this. a brush with death for a guy on a motorcycle, when a big-rig truck flips over and nearly crushes him. jamie: whoa. jon: yeah, that amazing video, where it happened. we'll tell you about it coming up. >>> plus football is america's mo
that was to pay for the last debt ceiling increase let alone any future increases. >> reporter: one of the nation's largest federal contractors, general dynamics based in fall's church, virginia, announced a $2 billion loss which it is blaming on defense cuts and falling government demand. >> draconian measures will have to be taken, furloughs, layoffs in the defense industry but most importantly to me, a devastating blow to our national security if the sequestration takes place....
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ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weaker fourth quarter g.d.p. as justification for cancelling the spending cuts and so the government going to keep on spending the fed is going to keep on printing the monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates in america soaring there i want to ask you i want to point out this other justification that the white house is using the white house also blames superstorm sandy for shrinking the economy natural disasters as we now also are disastrous for the economy and also out of the government's hands. well look the government's going to blame everybody but themselves why doesn't the obama administration take a look in the mirror if they want to know why the economy is struggling and believe me it's going to get a lot worse because we still have all this money that we borrowed that we have to deal with always did durin
ceiling so that's not going to restrain us any more they're going to cancel all the spending cuts i'm afraid they're going to use the weaker fourth quarter g.d.p. as justification for cancelling the spending cuts and so the government going to keep on spending the fed is going to keep on printing the monetize the growing deficit and we're marching towards a real economic crisis the united states where the dollar is going to plunge and that's going to send prices and interest rates in america...
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Jan 28, 2013
01/13
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KCSM
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what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean another fight and struggle. >> all this will unfold in probably six months. i think he is in a good position to fight for the next six months. >> there was an interesting and little noticed thing this week. economic members in britain came out, where they have had a very tough austerity program. now they are possibly entering into a triple dip recession. it is an example, perhaps, of too much austerity. france may be an example of too much non-austerity. but if we go through sequester, people will see what those cuts mean. i think there would be a rebellion over it. >> you could hardly accuse the united states of indulging too much in austerity. we have added $5 trillion in debt. >> i am not saying that. i am saying that what we have at this moment is a decision of
what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are seeing a willingness, expressing willingness to let set in at the end of march, and that will mean another fight and struggle. >> all this will unfold in probably six months. i think he is in a good position to fight for the next six months. >> there was an interesting and little noticed thing this week....
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46
Jan 29, 2013
01/13
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MSNBC
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it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with democrats. and they said, okay, the sequester has to be all spending cuts. but because we're not giving you any taxes, they can mostly be spending cuts you don't mind and that we really hate. so half of the sequester, a full half of it is defense. that is a huge, huge cut to defense. but it's actually worse than that for republicans. medicaid is completely protected from the sequester. social security, completely protected. most low-income programs, completely protected. medicaid beneficiaries, completely protected. veterans benefits, completely protected. pell grants, completely protected.
it comes out of the debt ceiling deal in 2011 and it was the backup to the supercommittee. and way it was designed, it was originally supposed to be half taxes and half spending cuts. so both sides would be terrified of letting it happen, and because they were so terrified of letting it happen, they would come to a deal. the point of the sequester was to get the two sides to a deal. but republicans wouldn't allow tax increases, even in the sequester. and so they made this weird deal with...
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Jan 24, 2013
01/13
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CURRENT
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going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see. they are going to try to balance the budget in ten years, which you cannot do without slashing medicare and medicaid, and social security. so the american people will get, i think, a very good look at the way republicans want to balance the budget and do deficit reduction and the way democrats do. we actually went through this with paul ryan's budget which was so egregious the leader of his party had to back away from it in the campaign. >> stephanie: yeah, it was seen as sort of a slap at the senate but they are calling it the no budget, no pay idea. it has been regarded by a lot of people as a gim
going to raise it without equal pay cut, and basically he went back on that, and as you said, all he did was kick it down the road for three months. what was the point for him? >> the point was to look like they had some kind of a win because they knew they were in trouble on the debt ceiling, and then put the pressure on somebody else, namely the senate. but they are going to put forth a budget pretty soon that is really going to be an important % contrast for the american people to see....
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1.1K
Jan 28, 2013
01/13
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FBC
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that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have not been the type of urgency that many of us feel about sequestration and its implementation. >> it seems that the war being wound down in afghanistan that the real fight is beginning at home for tighter budgets. melissa: jennifer griffin, thank you very much. illinois heading to disaster. joining us now, dan rutherford. that is coming up. lori: are you overeducated and underemployed? the new normal of this job recovery. ♪ . . . .. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a busi
that was to pay for the last debt ceiling increase. >> one of the nations largest federal contractors, general dynamic, announced in recent days a $2 billion loss which it is blaming on defense cuts and falling government demand. >> the measures will have to be taken. layoffs and the defense industry. most importantly to me, devastating growth to our national security at the sequestration takes place. it is up to congress and the president to act together. frankly, so far, i have...
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106
Jan 24, 2013
01/13
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MSNBC
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ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we hav
ceiling. the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of...
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Jan 25, 2013
01/13
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MSNBC
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ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by themselves, by the way, without the majority of the electorate behind them. >> very briefly, jared, if you can, eric cantor says taxes are done, no taxes, so i guess another stalemate to come on that? >> i see -- it's hard to see how the budget that's going to come out of the senate, and i think patty murray is going to do a very good job on that, is going to reconcile with the kind of budgets we're looking at. >> jared bernstein who absolutely deserves the nobel peace prize, thank you, sir, thank you for joining us. and we'll be right back. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy,
ceiling and impose budgets that cut the government 40% in ten years, the idea behind those crisis mongers is that we have to slash the heck out of social insurance, out of programs that provide educational opportunities for poor people, out of things that push back against economic inequality. we can't afford it. we must cut them. the crisis dictates it. if there is no crisis and, as krugman and i argue, there is no crisis, if there is no crisis, they're just out there in nowhere land by...
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Jan 31, 2013
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wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right. >> let's listen to a few highlights. >> -- on pig manure. if they demand a one or fun ratio between tax increases and pig manure cuts, then there's really no hope of ever putting our country back on the path to prosperity. >> now, start with you, jared. correct me if i'm wrong, but isn't pig mature what paul ryan is actually trying to cut entitlements unless that's their word for entitlements? >> you know, there is no line in the government budget for waste, fraud, and abuse, although these guys pretend there is. when they talk about things like that, they don't know what they're talking about. during the recover
wall street probably couldn't care less what washington does with the debt ceiling and cuts and things like that as long as they know what washington will be doing over the next 12 months, 24 months, and this is pie in the sky, it will never happen, 36 months. >> how about that? so, jared, mitch mcconnell was on the floor of the senate on wednesday, and he said it's actually not new revenue that we need, that it's cutting government waste as we've been talking about. >> right....
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Jan 27, 2013
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mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have big problems. huge issues that need to be solved in our country. it looks like we are going to be lurching every six weeks to another silly drip drap showdown for four years. is that what we are looking at here? >> what the republicans have done is always keeping this administration on the defense from a fiscal standpoint. your point was brilliant in how you worded it. every six months we have the conversation where the republican party wants to be. they want to rebrand themselves as fiscal austerity and fiscal restraint. medicare part d and iraq. that was so ten years ago. but to my earlie
mark your calendars march 19th when the delayed debt ceiling crisis could come back to haunt us. the budget battle and considering the behavior of possums and ducks begs the question of when those responsible for governing will act more like the people we have elected them to be and less like political animals. with me at the table, arie, vickie, assistant dean, robert and co-founder of no label, david walker, the formal head of the office at gao. nice to have you all here. okay. so -- we have...
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Jan 31, 2013
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we're prepared to have these cuts. republicans want the win, and democrats don't necessarily want to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution and budget numbers? >> yeah. well, i mean, the first thing that comes up time-wise, is on march 1st we have to deal with the sequester because the republicans reordered the way that these things are going to fall on the calendar. the sequester is those automatic spending cuts. billions -- tens of billions of dollars just this year in spending cuts. the republicans would like to have some kind of spending cut win this year, and that might be their only opportunity to get one, so you can see them hunkering in and saying, you know, we're going
we're prepared to have these cuts. republicans want the win, and democrats don't necessarily want to fight all over again on this and maybe threaten something on the debt ceiling, which for them would be worse. >> one of the things that hasn't changed since the republicans saying these job numbers are terrible. we're going to keep cutting medical they get even worse. >> so in terms of the big battle and any kind of possible grand bargain, you think that's over continuing resolution...